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There's good news and bad news for New Zealand metal fans wanting the headlining acts from Australia's Soundwave festival to cross the ditch for sideshows.

Promoters of Soundwave - a five-date touring Aussie metal fest run in late February and early March - have confirmed that headlining act System of a Down will perform in New Zealand, "providing we can find a venue".

Promoter AJ Maddah confirmed the news on Twitter, and that'll please SOAD fans hanging out for a show by the reunited thrash-metal act.

System of a Down last performed in New Zealand in 2005, but front man Serj Tankian owns property here and has performed solo several times.